A foreign exchange swap (FX swap) in Fairways Debt is a simultaneous purchase and sale of amounts of one currency for another with two different value dates and may use foreign exchange derivatives.
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account.
- Select a customer account.
- Navigate to Applications > Debt & Derivatives.
Create an FX Swap
- Click Add Transaction > Derivative > FX Swap.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
|
Field |
Description |
|---|---|
|
Reference Code |
Unique reference of the transaction. Identifies the transaction in the portfolio. Note: The reference must be unique among all the entities managed in the account. |
|
External Reference Code |
Used by external systems to identify the transaction. Used when transactions are imported from or exported to another system. |
|
Party |
Entity in the system involved in the transaction. |
|
Counterparty |
Can be either internal (an entity in the system) or external (a commercial bank). |
|
Base Currency |
Note: The currencies must be different from each other. |
|
Foreign Currency |
|
Field |
Description |
|---|---|
|
Trade Date |
Date at which the transaction has been traded. From that date, the system takes the transaction into account as an item of the portfolio. |
|
Start Date |
Unadjusted start date of the transaction. |
|
Maturity Date |
Unadjusted maturity date of the transaction. |
|
Direction |
Indicates whether the base currency is bought or sold at spot. Note: The Base and Foreign Currency Leg fields update depending on the selected direction. |
|
Field |
Description |
|---|---|
|
Buy Spot / Amount |
Contract amount in the base currency exchanged at spot. Note: This field updates depending on the selected direction. |
|
Sell Spot / Amount |
|
|
Sell Forward / Amount |
Future amount in the base currency exchanged at forward. Note: This field updates depending on the selected direction. |
|
Buy Forward / Amount |
|
Field |
Description |
|---|---|
|
Foreign Input Mode |
Exchange mode of the foreign currency. |
|
Sell Spot / Amount |
Contract amount or rate in the foreign currency exchanged at spot against the base currency. Note: This field updates depending on the selected direction and the foreign input mode. |
|
Sell Spot / Forex Rate |
|
|
Buy Spot / Amount |
|
|
Buy Spot / Forex Rate |
|
|
Buy Forward / Amount |
Future amount or rate in the foreign currency exchanged at forward against the base currency. Note: This field updates depending on the selected direction and the foreign input mode. |
|
Buy Forward / Forex Rate |
|
|
Sell Forward / Amount |
|
|
Sell Forward / Forex Rate |
Enter the required custom attributes, if any.
- Click Apply to create the FX swap.
The new FX swap displays in the draft portfolio.
